Volume of Dead Crypto Coins By Death Year 2013-2022

in #cryptocurrency • 2 years ago

failed icos 2013-2022_1.jpg

From January to December 2017, the value of BTC rose 1500% - the largest one-year increase in history. As Bitcoin gained value and legitimacy, trading volumes increased, and hundreds of new crypto coins were issued.

In 2018, however, 751 crypto coins became defunct - the most casualties of any year. Of those, 390 failed due to lack of trade volume and 237 due to issues with fraud. In order Lack of trade volume (66%), scam (22%), ICO fail (10%) and joke or no purpose (1%).

See the full infographic

#altcoins #bitcoin #btc
2 years ago in #cryptocurrency by
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